Cooking Oils and Fats Market by Product Type (Vegetable & Seed Oil, Spreadable Oils &Fats, Butter, Margarine, Olive Oil, and Others), Form (Liquid and Solid), and Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Channels, and Ot

Cooking Oils and Fats Market by Product Type (Vegetable & Seed Oil, Spreadable Oils &Fats, Butter, Margarine, Olive Oil, and Others), Form (Liquid and Solid), and Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Channels, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031

Cooking oils and fats include necessary fatty acids, which play an important role in human health. Cooking oils and fats include varying amount of saturated, poly-unsaturated, and monounsaturated fatty acids. Saturated fats increases cholesterol levels in the body, whereas monounsaturated and polyunsaturated fatty acids reduce cholesterol levels. Dietary fats serve a significant role in the metabolic processes of the body.

Rise in demand for cooking oils and fats in the emerging economies such as India, Indonesia, and Argentina drives market expansion. Furthermore, increase in consumer disposable and busy lifestyle enhance global demand for processed meals and ready-to-eat food options, which drive market expansion. One of the key driving factors of the market is increase in the usage of high-quality edible oils as a result of the rise in cardiovascular disorders. However, the negative consequences of trans fats induced by excessive intake of oils and fats, and the high cost of raw materials, are impeding market expansion. The rise in demand for low-costandhealthy replacements of trans fats is projected to present market players with profitable prospects in the future.

Many cooking oils and fats have health benefits including olive oil, coconut oil, palm oil, butter, and avocado oil. Coconut oil, for instance, is rich in fatty acid called lauric acid, which can improve cholesterol and help kill bacteria and other pathogens. Olive oil raises HDL (High-Density Lipoprotein) (good) cholesterol and lowers the amount of oxidized LDL (Low-Density Lipoprotein) cholesterol circulating in the bloodstream. Avocado oil contains an antioxidant that improves eye health. Palm oil contains carotenoid called beta-carotene that gets converted to vitamin A, which is used to promote eye, bone, and immune health.

Trans fats have a side effect as a result of excessive consumption of oils and fats.Rigorousfood safety regulations imposed by governments in developed and developing nations may be viewed as a key impediment to the expansion of the global cooking oils and fats industry. Furthermore, high raw material costs are posing additional challenges to the growth of the market throughout the forecast period.

There is an increase in demand for high-quality edible oils and fats in the food sector, as consumers are aware of the negative effects of consuming food prepared with low-quality cooking oil. The growth in global population has increased the food demand, which fuels the expansion of the global cooking oils and fats market. In addition, the rise in awareness about the negative repercussions of obesity including cardiovascular disease and diabetes has altered consumer dietary preferences and forced the consumer to find alternatives that will help to maintain good health. On the other hand, the rise in disposable income has encouraged the adoption of healthy cooking oils and fats, which is expected to fuel the worldwide cooking oils and fats market. Cooking oil and fat manufacturers focus on producing better goods, such as low-cholesterol and low-carb products primarily for health-conscious consumers. Cooking oils, such as olive and soybean oil, are beneficial to health since they can lower the risk of heart disease. The growth of market is being aided by increase in demand for these oils from health-conscious customers.

The cooking oils and fats market is segmented on the basis of product type, form, distribution channel, and region. On the basis of product type, the market is segmented into vegetable &seed oil, spreadable oils &fats, butter, margarine, olive oil, and others. By form, the market is segmented into liquid and solid. On the basis of distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, online channels, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and rest of LAMEA).

According to the global cooking oils and fats market analysis, the market players have adopted various developmental strategies to expand their cooking oils and fats market size, increase profitability, and remain competitive in the market. The key players profiled in this report include Ajinomoto Co. Inc., Archer-Daniels-Midland Company, Associated British Foods Plc, Bunge Ltd, Cargill Incorporated, CHS Inc., Conagra Brands, Inc., Fuji Oil Holdings Inc., Ghananuts Company Limited, and Wilmar International Ltd.

KEY MARKET SEGMENTS


By Product Type

Vegetable & Seed Oil
Spreadable Oils &Fats
Butter
Margarine
Olive Oil
Others

By Form

Liquid
Solid

By Distribution Channel

Hypermarkets/Supermarkets
Convenience Stores
Online Channels
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
South Africa
Rest of LAMEA

The prominent players operating in this market are:

Ajinomoto Co. Inc.,
Archer-Daniels-Midland Company
Associated British Foods Plc.
Bunge Ltd.
Cargill Incorporated
CHS Inc.
Conagra Brands, Inc.
Fuji Oil Holdings Inc.
Ghananuts Company Limited
Wilmar International Ltd.